The automaker's founder will supply $1.5 billion in cash via the newly created Novatech Research and Development.

The Vietnamese EV manufacturer VinFast is restructuring. Certain research and development assets will be transferred to a ...

The EV marker to spin off part of its R&D unit to a newly formed company, known as Novatech Research and Development SJC.

The deal would facilitate the latest cash injection by billionaire Pham Nhat Vuong, Vietnam's richest person, to make VinFast ...

VinFast's founder Pham Nhat Vuong has agreed to buy the EV maker's research and development arm for $1.52 billion, his latest ...